Tuesday, December 27, 2011

NPR's Planet Money: 2 million construction jobs lost in recession; only 1 million coming back

NPR's Planet Money, with the assistance of Economist Heidi Shierholz of the Economic Policy Institute, recently looked at the construction jobs lost over the last 4 years and estimated the number that will likely come back when the economy improves.  Their finds are striking: 2 million jobs were lost, or a quarter of all construction jobs, and only half will come back.  What is even more striking is that while construction makes up just 5.6 percent of total jobs in America, they make up more than 30 percent of the jobs lost.

Read the entire report at NPR.org's Planet Money blog by clicking here.

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